Ibew Local Union 223
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 746,216 | 855,028 | −108,812 | 40.7 | 31% |
| 2021 | 913,331 | 873,983 | 39,348 | 40.3 | 32% |
| 2022 | 1,030,512 | 1,039,546 | −9,034 | 33.8 | 31% |
| 2023 | 1,513,847 | 1,082,975 | 430,872 | 37.2 | 31% |
In its most recent public year (2023), this organization brought in $430,872 more than it spent. Its reserves stood at about 37.2 months of spending, down from 40.7 in 2020. Staff pay was 31% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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